We briefly touched upon the performance chasing bias, resulting in inferior performance.

FORBES: Investors Need To Make Money, Not Beat Benchmarks

The SPIVA Scorecard provides performance comparisons corrected for survivorship bias, equal- and asset-weighted peer averages and measures of style consistency for actively managed U.S. equity, international equity and fixed income mutual funds.

FORBES: Active Funds Continue to Struggle

While managers are allowed to comment on an official's performance, the FA insists they must not imply bias, question their integrity or engage in what could be construed as a personal attack.

BBC: Ferguson apologises to ref Wiley

While managers are allowed to comment on an official's performance, the FA insists any remarks must not imply bias, question their integrity or engage in what could be construed as a personal attack.

BBC: Ferguson hit with FA fine and ban